Sponsored by HSS
About half of American hospitals lose money every year. The reasons vary from dwindling population to mismanagement, but they can lead to an unfortunate end: The hospital shuts down.
When small towns lose their hospital, they also lose the businesses that go along with them – the clinics, pharmacies, home health care, emergency medical services, and more. When these businesses go away, the jobs do too. Patient care also is compromised. With no local hospital, patients may be forced to travel for several hours to receive the care that used to be provided nearby.
All hospitals have multiple service agreements, but it may not have the time or in-house expertise that’s needed to review them. Which means that the hospital might be overspending without knowing it – and that could jeopardize its very existence. That’s where HSS comes in.
Download this complimentary case study to see how HSS’s Service Agreement Value Review (SAVR) guarantees hospitals a savings ranging from $2 for every $1 to 30% annual shared savings over the life of the program.
*This case study focuses on Aspen Valley Hospital (AVH), a 25-bed Critical Access Hospital in Aspen, Colorado.
